The Crypto Revolution Quickens as Liechtenstein’s Bank Frick Allows Cryptocurren

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The Crypto Revolution Quickens as Liechtenstein’s Bank Frick Allows Cryptocurrency Investments

In a surprising move, Liechtenstein’s Bank Frick announced in a press release that it now offers “direct investment” and cold storage for these five cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ether.

Bank Frick is the first financial institution to allow their customers to use US dollars and Swiss francs to purchase cryptocurrencies. This offer targets the “professional market participants and financial intermediaries,” while it appeases the private sector’s demand for access, options, and storage. Where other countries are attempting to ban the use of cryptocurrencies by intensifying regulation, Bank Frick is creating an entrepreneurial environment beyond its borders. A statement by the bank assured that it will assist trades “within the fully regulated framework of the Bank’s processes.”

Bank Frick Services Are In High Demand Across Europe

Chief Client Officer Hubert Büchel shares in the press release, “Our services are in demand from companies across the whole of Europe.” Büchel ensures people interested in cryptocurrency investing are accepted by a reliable source such as their bank. It’s a bold move to encourage, not only the private sector but also the public that they are on board with new ways of investing.

“This is because they know that we can offer them reliable support in implementing their business models with cryptocurrencies and blockchains in line with the existing regulatory framework.”

Büchel describes how this offer will serve their bank’s clientele. “Financial intermediaries, such as asset managers and fiduciaries, can make use of our new offering to successfully differentiate themselves in the market and add value for their clients.” This is helpful because “With these direct investments, intermediaries and their clients can easily get to know a new, exciting universe and diversify their portfolios. Investments in cryptocurrencies are highly speculative and so they should form only a small part of a portfolio.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-revolution-quickens/